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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
Chart and candlestick patterns:
- USDCAD bulls have been extending upswings further despite the formation of hanging man at 1.3484 and 1.3609 levels. Bulls disregard this bearish pattern and drags rallies above DMAs as we see rallies are backed-up by technical indicators, rallies are halted, for now, on shrinking bullish momentum for the today, while both trend indicators are still in tandem with the price rallies.
- The minor trend has constantly been taking support at 7DMAs and at the uptrend line (refer daily chart).
- While the major trend has been spiking through ascending channel pattern which is again bullish in nature, shooting star pops-up at channel resistance and hammer pattern at channel supports (refer monthly plotting). These candlestick patterns develop rising channel. Currently, the major uptrend spike above 7EMAs on the strong channel support, the prevailing strength in the uptrend is in conformity to the both momentum oscillators (RSI & stochastic curves) and trend indicators (EMA & MACD’s bullish crossover) on this timeframe.
Trade tips:
- The current spot reference is hovering above 7 & 21-DMA levels (spot ref: 1.3595 levels), contemplating above bullish technical rationale in the major trend and today’s mild bearish swings of this pair, it is wise to trade boundary spread options strategy using upper strikes of 1.3625 levels and lower strikes at 1.3560 levels to attain exponential yields.
- As we could foresee upside risks in the weeks to come, on hedging grounds, we advocate initiating longs in USDCAD futures contracts of mid-month tenors with a view to arresting further upside risks.
Currency Strength Index: FxWirePro's hourly CAD spot index is flashing at -30 levels (which is mildly bearish), while hourly USD spot index was at 37 (bullish), while articulating at (11:40 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
